A California man is facing federal criminal prosecution currently, having been charged with five counts of tax evasion. In making the tax crimes allegations, prosecutors allege that the man failed to report over $1 million in income over a five year period. It is...
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Tax Crimes
Federal Judge Shoots Down Hundreds of Millions in Tax Losses claimed by Broadcom Co-Founder
In Broadwood Investment Fund LLC v. United States, No. 08-0295 (C.D. CA Sept. 21, 2012), a California federal district court judge rejected, on summary judgment, a bid by Broadcom co-founder Henry Nicholas, III, to claim hundreds of millions in tax losses from a tax...
Man is convicted of tax crimes in California federal court
A man has recently been convicted of several federal charges. According to California authorities, the man was charged with tax crimes due to his attempt to hide certain assets. It was alleged that the man attempted to hide these assets so that he would not be subject...
83 Year Old Pleads Guilty to FBAR Violation – Faces 3 Years in Prison
83 year old, Jacques Wajsfelner, who held Swiss bank accounts at Credit Suisse Group AG (Credit Suisse) and Wegelin & Co. pleaded guilty to hiding approximately $5.7 million from Internal Revenue Service (IRS).Mr. Wajsfelner admitted in a New York federal court...
California Couple Receives Prison Sentence in Offshore Account Tax Evasion Case
Sean and Nadia Roberts of Tehachapi, California, pled guilty before the Eastern District of California to a criminal information charging them with filing a false tax return under Internal Revenue Code § 7206(1). The charge is related to an undisclosed Swiss bank...
IRS Fires Revenue Agent for Willfully Understating Personal Tax Liability
The Appeals Court for the Federal Circuit affirmed the IRS's 2008 termination of Revenue Agent, Anthony Agbaniyaka. While employed at the IRS, Mr. Agbaniyaka received excellent performance evaluations, and several promotions. He also obtained a Master's Degree in...
Economist charged with tax crimes, allegedly owes $500,000
A 68-year-old economist who currently resides in California was recently charged with a number of tax crimes. In addition to tax evasion, he has additionally been charged with obstruction of the IRS, failure to file a tax return and failure to pay taxes. If convicted,...
IRS Criminal Investigation Statistics
The IRS has published the new 2011 Data Book, which is available here. The book contains various interesting statistics relating to the IRS's criminal investigation function.Table 18, Criminal Investigation Program, by Status or Disposition, Fiscal Year 2011 is...
Tax crimes allegations pending for California woman
For many California residents, the complexity and length of the federal tax code make it more akin to a foreign language than to a comprehensible set of rules and regulations. That may help explain why so many people make mistakes when filing their tax returns....
Swiss banks set to disclose tax-evading Americans’ files
California residents with money in foreign banks may have been following the recent goings-on in Switzerland. The Swiss President and Finance Minister has asserted that progress is being made toward resolving U.S. tax evasion cases against Swiss banks. However, U.S....
